WIF Price Plummets: $0.13 Support Zone Looms as Smart Money Stacks Long Positions
The price of WIF has been stuck at $0.14 for days, with near-zero spot volume and momentum in bearish territory.
Analyst Felix Pinkston notes that this is not stability, but rather a compressed range that could break either way.
The Bollinger Bands show WIF hugging the floor between $0.13 and $0.14, while the upper band caps at $0.15.
Momentum has flatlined in negative territory, with the MACD histogram dead at zero, indicating a bearish pause rather than a bullish coil loading for launch.